Revive VAT-free shopping to boost high streets, Selfridges urges Burnham Retail Selfridges has called on Andy Burnham to reinstate VAT-free shopping for international tourists as part of his push to revive British high streets and boost regional growth. The luxury department store chain hit out at then-Chancellor Rishi Sunak’s decision to abolish VAT-free shopping in 2021, adding that it is “encouraged” to see the policy back [...]
Selfridges’ new chief faces an uphill battle Retail Selfridges’ new CEO, André Maeder, has his work cut out for him. The company has managed to survive the gruelling pandemic years – largely by cutting jobs and moving online – a tough cost-of-living crisis and an acquisition in 2022. But seasoned retailer Maeder, who was officially announced two weeks ago and starts in November, [...]
Saudi Arabia’s PIF seeks to up Selfridges stake to 50 per cent Business Saudi Arabia's Public Investment Fund has made a bid to up its stake in Selfridges to 50 per cent for a cash price of £1m.